Netherlands-based Life Science Ingredients Distributor enhances Presence in Central & Eastern Europe
Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced that it has acquired a majority stake in Noack Group (Vienna, Austria), a specialized distributor of ingredients for the Animal Nutrition and Feed industry. In addition, the company serves the Food and Veterinary industry with a wide range of agrofood and veterinary diagnostic test systems.
Founded 1980 in Switzerland as a trading company involved in bartering transactions, and today headquartered in Vienna, Noack posted a turnover of EUR 60 mn in 2020. With more than 130 employees, the group has an extensive presence in Austria, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Serbia, Slovakia and Slovenia. In the adjacent smaller countries, such as Northern Macedonia, Bosnia & Hercegovina and Moldavia, Noack cooperates with local partners, Barentz said in the announcement.
The acquisition is subject to customary closing conditions, including regulatory and merger control approvals. No financial details were disclosed on the transaction.
Source: Barentz press release, Noack Group website
HGE – DCG / 01.03.2021